Credit Suisse Group (CS): Today's Featured Banking Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Credit Suisse Group fell $0.36 (-1.2%) to $30.35 on average volume. Throughout the day, 942,666 shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 1,017,200 shares. The stock ranged in price between $30.23-$30.57 after having opened the day at $30.38 as compared to the previous trading day's close of $30.71. Other companies within the Banking industry that declined today were:
(
), down 8.0%,
Village Bank and Trust Financial Corporatio
(
), down 6.4%,
First Financial Service Corporation
(
), down 6.0% and
(
), down 5.0%.
Credit Suisse Group AG, together with its subsidiaries, provides various financial services to private, corporate, institutional, and government clients, as well as high-net-worth individuals worldwide. Credit Suisse Group has a market cap of $49.2 billion and is part of the financial sector. Shares are up 25.7% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Credit Suisse Group a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
Credit Suisse Group
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels and impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall.
- You can view the full Credit Suisse Group Ratings Report.
On the positive front,
(
), up 8.4%,
(
), up 6.3%,
(
), up 5.7% and
(
), up 5.0%.
- Use our banking section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).
- Find other investment ideas from our top rated ETFs lists.
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